Stonebridge Property Group is pleased to present for sale 396-398 High Street, Northcote.
The key highlights of the opportunity include:
- Unmissable 512 sqm* freehold in the centre of Northcote’s bustling High Street retail precinct
- Offered as a blank canvas with immediate potential to occupy, value add, or develop (STCA)
- The existing and significant, open plan building spans 405 sqm* over two levels and boasts highly accessible rear access - The versatility of the property suits a multitude of future uses including retail, hospitality, office & medical
- Future development (STCA) is supported by a substantial underlying land holding, favourable zoning and surrounding height precedent (5-8 level buildings are located within 100 m*)
- Surplus rear land, currently utilised as car parking for 8 vehicles, provides value-add scope for extension (STCA)
- On-title car parking is a rare & valuable attribute for High Street, Northcote and provides flexibility with respect to ‘potential’ uses
- Strategically located 250 m* from Northcote Shopping Plaza - The established centre is set for a $500 million redevelopment that includes 605 apartments and a standalone office tower
- Northcote - voted Melbourne's ‘Most Liveable Suburb' two years in a row and boasts a median house price of $1,650,000
- High Street is home to an eclectic mix of service and retail tenancies creating a 7-day per week trading environment
396-398 High Street, Northcote is offered for sale via Public On-Site Auction Thursday 10th August 2023 at 12:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Max Warren
0488 296 892
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Sarah Xi ???
0468 320 297
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Rorey James
0439 400 081
*Approximately
Property Code: 652